In the first of a series of pulse surveys on issues impacting the global transaction services industry, Euromoney is asking corporate treasurers and finance directors which countries in particular are the most and least efficient in enabling them to repatriate company cash.
The pulse surveys are designed to not only identify emerging trends in the industry but target issues that pose challenges for companies – challenges that companies can face in a specific industry, in a specific country or region, or globally.
To start with, our first pulse survey on trapped cash specifically tackles a perennial and substantial problem for companies worldwide. There are various reasons why it can be more difficult to repatriate cash from one country compared with another, which is why we want to highlight these reasons and those countries where the problem can be most acute.
Treasury professionals of companies with combined annual sales of more than $250 billion have voted China, India and Russia as the worst countries to repatriate company funds from, according to Euromoney’s ‘trapped cash’ pulse survey.
International companies are less likely to invest in India than Iran due to the seemingly more onerous regulatory and tax regime of the world’s largest democracy, according to a pulse survey conducted by Euromoney.